Keep up with the latest pension news. Please note, this news covers all member updates.
Your 2025 Outlook newsletter for the Siemens Benefits Scheme is now available to read.
The recent budget announced some changes to overseas pension transfers that could affect you.
Log into My Work Pension to read more about these changes.
Click here to log into My Work Pension
Despite recent media speculation, the October 2024 budget didn't contain anything that applied to the Siemens Benefits Scheme.
If you'd like to read the Trafalgar House article on My Work Pension please log into the website using the button below.
Click here to visit My Work Pension
Unfortunately, the Siemens Benefits Scheme Trustee recently received confirmation that some Investor Plan and Electrium Pension Scheme data may have been accessed as a result of this incident. Click below to read more.
There's no longer a limit on how much you can build up in your pension over the course of your lifetime.You also get tax relief on what you build up to £60,000 across all your pension arrangements each year.
You can read more about these changes and their implications here
If you’re thinking about transferring your pension to another scheme, a recent change in the law could help protect you from becoming the victim of a pension scam.
With climate change accelerating, it has never been more important for each of us to recognise the climate-related risks and opportunities we face. When we do, we can better see what actions can be taken to make positive change.
Scammers can be articulate and financially knowledgeable, with credible websites, testimonials, and materials that are hard to distinguish from the real thing. A pension scam is when someone tries to con you out of your pension money. Scammers design attractive offers to persuade you to transfer your pension pot to them or to release funds from it.
